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Technology Stocks : ADFLEX SOLUTIONS ( AFLX ) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Viapiano who wrote (128)	10/22/1997 2:57:00 AM
From: Paul Viapiano	Respond to of 718

Still more info... The selling shareholder is a board member: William Kennedy 48 Mr. Wilkie has been a Director of the Company since January 1996. Wilkie Since November 1994, Mr. Wilkie has been the Chief Executive and a director of Havant International Holdings Limited ("HIHL") and its related subsidiaries. From June 1973 through November 1994, Mr. Wilkie was employed by IBM United Kingdom Ltd. and held executive positions in the IBM United Kingdom Manufacturing Division.(2) His holding company is listed in the proxy as having 1,392,347 shares. This sale leaves him personally with 1,000 shares. I also noticed that the top 3 or 4 guys at the company only hold a total of 250,000 shares or so. Not much inside ownership, but also saw that Fidelity had a nice chunk of about 9%. Paul

To: Paul Viapiano who wrote (128)	10/22/1997 3:25:00 AM
From: Kent Sarikaya	Read Replies (1) \| Respond to of 718

Paul, your better with the back of an envelope than I am with a calculator, thanks for the quick number crunching.

To: Paul Viapiano who wrote (128)	10/22/1997 11:22:00 AM
From: jonpcar	Read Replies (1) \| Respond to of 718

Paul, Can you give the address for FreeEdgar.....I can't find the listing in the Yahoo Edgar searches. Thanks, John C.

To: Paul Viapiano who wrote (128)	10/22/1997 11:43:00 AM
From: jonpcar	Read Replies (2) \| Respond to of 718

Paul, Just trying to figure out what is going on based on the posts... The 3rd quarter filing listed ~9 million shares outstanding. The 10 million shares that will be outstanding after the offering indicates that there will be about another 1 million shares issued through the offering (must be by the company)...AFLX must have already held approximately 300K shares to total the 1.3 million that they are selling???? Those would have already been listed as assets somewhere in their balance sheet???? It seems that maybe the company will only get about 1 million x $25 = $25Million in new capital from the offering. I'm just thinking out loud....what is wrong with this analysis?